{"id":604138,"date":"2025-11-16T18:54:50","date_gmt":"2025-11-17T02:54:50","guid":{"rendered":"https:\/\/nai500.com\/blog\/2025\/11\/enbridge-the-heavyweight-reshaping-north-americas-oil-map-is-it-a-buy\/"},"modified":"2025-11-16T18:55:22","modified_gmt":"2025-11-17T02:55:22","slug":"%e6%94%b9%e5%af%ab%e5%8c%97%e7%be%8e%e9%87%8d%e6%b2%b9%e7%89%88%e5%9c%96%e7%9a%84enbridge%ef%bc%8c%e6%98%af%e5%90%a6%e5%80%bc%e5%be%97%e6%8a%95%e8%b3%87%ef%bc%9f","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hant\/blog\/2025\/11\/%e6%94%b9%e5%af%ab%e5%8c%97%e7%be%8e%e9%87%8d%e6%b2%b9%e7%89%88%e5%9c%96%e7%9a%84enbridge%ef%bc%8c%e6%98%af%e5%90%a6%e5%80%bc%e5%be%97%e6%8a%95%e8%b3%87%ef%bc%9f\/","title":{"rendered":"\u6539\u5beb\u5317\u7f8e\u91cd\u6cb9\u7248\u5716\u7684Enbridge\uff0c\u662f\u5426\u503c\u5f97\u6295\u8cc7\uff1f"},"content":{"rendered":"<p>\u5728\u5317\u7f8e\u80fd\u6e90\u683c\u5c40\u5287\u8b8a\u7684\u7576\u4e0b\uff0c<a href=\"https:\/\/nai500.com\/zh-hant\/%e8%82%a1%e7%a5%a8%e6%9f%a5%e8%a9%a2\/?qm_symbol=ENB%3ACA\">Enbridge\uff08TSX:ENB\uff09<\/a>\u6b63\u901a\u904e\u4e00\u7cfb\u5217\u6230\u7565\u4f48\u5c40\uff0c\u6084\u7136\u91cd\u5851\u91cd\u6cb9\u904b\u8f38\u7248\u5716\u3002\u9019\u5bb6\u5e02\u503c$1490\u5104\u7684\u80fd\u6e90\u5de8\u982d\uff0c\u4e0d\u50c5\u5728\u904e\u53bb\u4e8c\u5341\u5e74\u9593\u70ba\u6295\u8cc7\u8005\u5275\u9020\u4e861720%\u7684\u7e3d\u56de\u5831\uff0c\u66f4\u5728\u95dc\u9375\u7684\u7522\u696d\u8f49\u6298\u9ede\u4e0a\u5c55\u73fe\u51fa\u6539\u8b8a\u904a\u6232\u898f\u5247\u7684\u5be6\u529b\u3002<\/p>\n<h2>\u4e00\u3001\u6539\u8b8a\u5317\u7f8e\u91cd\u6cb9\u6d41\u5411\u7684\u95dc\u9375\u68cb\u624b<\/h2>\n<p>\u96a8\u8457\u52a0\u62ff\u5927\u6cb9\u7802\u7522\u91cf\u9810\u8a08\u57282030\u5e74\u903c\u8fd1390\u842c\u6876\/\u65e5\uff0c\u800c\u7f8e\u570b\u58a8\u897f\u54e5\u7063\u6cbf\u5cb8\u7126\u5316\u7149\u6cb9\u5ee0\u5c0d\u91cd\u6cb9\u9700\u6c42\u6301\u7e8c\u6500\u5347\uff0cEnbridge\u6070\u597d\u8655\u5728\u9019\u4e00\u4f9b\u9700\u95dc\u4fc2\u7684\u6230\u7565\u7bc0\u9ede\u3002\u516c\u53f8\u904b\u71df\u8457\u5317\u7f8e\u6700\u91cd\u8981\u7684\u80fd\u6e90\u52d5\u8108\uff1a\u9f90\u5927\u7684\u7ba1\u9053\u7cfb\u7d71\u6bcf\u65e5\u8f38\u9001580\u842c\u6876\u539f\u6cb9\u548c\u6db2\u9ad4\uff0c2024\u5e74\u904b\u8f38\u7e3d\u91cf\u7a81\u783447\u5104\u6876\uff0c\u5275\u4e0b\u6b77\u53f2\u7d00\u9304\u3002<\/p>\n<p>\u66f4\u70ba\u95dc\u9375\u7684\u662f\uff0cEnbridge\u63a7\u5236\u8457\u7f8e\u570b65%\u7684\u52a0\u62ff\u5927\u539f\u6cb9\u9032\u53e3\uff0c\u9019\u4e00\u5e02\u5834\u5730\u4f4d\u4f7f\u5176\u6210\u70ba\u6c7a\u5b9a\u5317\u7f8e\u91cd\u6cb9\u5b9a\u50f9\u7684\u95dc\u9375\u56e0\u7d20\u3002\u516c\u53f8\u6b63\u5728\u63a8\u9032\u7684Mainline Optimization (MLO1)\u9805\u76ee\u76f4\u6307\u7f8e\u570b\u58a8\u897f\u54e5\u7063\u6cbf\u5cb8\u5bc6\u96c6\u7684\u7126\u5316\u7149\u6cb9\u96c6\u7fa4\u3002\u9810\u5b9a2027\u5e74\u4e0a\u7dda\u5f8c\u5c07\u70ba\u73fe\u6709\u7cfb\u7d71\u65b0\u589e25\u842c\u6876\/\u65e5\u7684\u8f38\u9001\u80fd\u529b\uff0c\u6b63\u597d\u929c\u63a5\u4e0a\u52a0\u62ff\u5927\u6cb9\u7802\u7522\u91cf\u7684\u589e\u9577\u66f2\u7dda\u3002<\/p>\n<p>Enbridge\u7684\u6230\u7565\u9060\u4e0d\u6b62\u4e8e\u50b3\u7d71\u80fd\u6e90\uff0c\u516c\u53f8\u540c\u6642\u7a4d\u6975\u4f48\u5c40\u80fd\u6e90\u8f49\u578b\u30022020\u5e74\u4ee5\u4f86\uff0c\u516c\u53f8\u5df2\u6295\u5165$80\u5104\u52a0\u5143\u5efa\u8a2d\u4e867212\u5146\u74e6\u7684\u6e05\u6f54\u80fd\u6e90\u9805\u76ee\uff0c\u5305\u62ec23\u5ea7\u98a8\u529b\u767c\u96fb\u5834\uff0c17\u5ea7\u592a\u967d\u80fd\u8a2d\u65bd\u4ee5\u53ca1\u500b\u5730\u71b1\u9805\u76ee\u3002\u9019\u7a2e\u201c\u50b3\u7d71+\u65b0\u8208&#8221;\u7684\u96d9\u8ecc\u6230\u7565\uff0c\u65e2\u78ba\u4fdd\u4e86\u77ed\u671f\u73fe\u91d1\u6d41\uff0c\u4e5f\u70ba\u9577\u671f\u8f49\u578b\u9810\u7559\u4e86\u7a7a\u9593\u3002<\/p>\n<h2>\u4e8c\u3001\u8ca1\u52d9\u97cc\u6027\u8207\u80a1\u6771\u56de\u5831\u7684\u5e73\u8861\u8853<\/h2>\n<p>2025\u5e74\u7b2c\u4e09\u5b63\u5ea6\uff0cEnbridge\u4ea4\u51fa\u4e86\u5275\u7d00\u9304\u7684EBITDA\u6210\u7e3e\u55ae\uff0c\u8ca0\u50b5\u7387\uff08debt-to-EBITDA\uff09\u7dad\u6301\u5728\u7a69\u5065\u76844.8\u500d\u3002\u66f4\u503c\u5f97\u95dc\u6ce8\u7684\u662f\uff0c\u516c\u53f8\u65b0\u589e$30\u5104\u7684\u6210\u9577\u8cc7\u672c\uff0c\u91cd\u9ede\u6295\u5411\u5982Southern Illinois Connector\u7b49\u95dc\u9375\u9805\u76ee\uff0c\u9019\u4e9b\u6295\u8cc7\u5c07\u9032\u4e00\u6b65\u63d0\u5347\u516c\u53f8\u5728\u91cd\u6cb9\u904b\u8f38\u9818\u57df\u7684\u8a71\u8a9e\u6b0a\u3002<\/p>\n<p>\u5c0d\u6295\u8cc7\u8005\u800c\u8a00\uff0cEnbridge\u6301\u7e8c\u589e\u9577\u7684\u80a1\u606f\u6975\u5177\u5438\u5f15\u529b\uff1a\u5f9e2016\u5e74\u7684$2.12\/\u80a1\u589e\u81f32024\u5e74\u7684$3.66\/\u80a1\uff0c\u9810\u8a082029\u5e74\u5c07\u9054\u5230$4.17\/\u80a1\u3002\u5206\u6790\u5e2b\u9810\u6e2c\uff0c\u672a\u4f86\u4e09\u5e74\u758a\u52a0\u4f30\u503c\u4fee\u5fa9\u548c\u80a1\u606f\u6536\u76ca\u7684\u7e3d\u56de\u5831\u7387\u53ef\u905428%\u3002<\/p>\n<h2>\u4e09\u3001\u98a8\u96aa\u8207\u6a5f\u9047\u4e26\u5b58<\/h2>\n<p>\u6295\u8cc7Enbridge\u540c\u6a23\u9700\u8981\u95dc\u6ce8\u98a8\u96aa\u3002\u8fd1\u671fFlanagan South\u7b49\u7ba1\u9053\u7684\u904b\u91cf\u6ce2\u52d5\uff0c\u986f\u793a\u4e86\u696d\u52d9\u5c0d\u7149\u5ee0\u7dad\u8b77\u548c\u539f\u6cb9\u54c1\u8cea\u7684\u654f\u611f\u6027\u3002\u76e3\u7ba1\u5c64\u9762\uff0c\u5118\u7ba1Line 5\u7ba1\u9053\u91cd\u5efa\u7372\u5f97\u95dc\u9375\u6279\u51c6\uff0c\u4f46\u653f\u6cbb\u722d\u8b70\u4ecd\u672a\u5b8c\u5168\u6d88\u9664\u3002<\/p>\n<p>\u7136\u800c\uff0c\u5f9e\u66f4\u5927\u7684\u683c\u5c40\u770b\uff0c\u6211\u5011\u6b63\u8655\u65bc\u6b77\u53f2\u6027\u6a5f\u9047\u7684\u7a97\u53e3\u671f\u3002Enbridge\u4e0d\u53ea\u662f\u4e00\u5bb6\u80fd\u6e90\u7ba1\u9053\u516c\u53f8\uff0c\u66f4\u662f\u5317\u7f8e\u91cd\u6cb9\u7248\u5716\u7684\u91cd\u5851\u8005\u3002\u7368\u7279\u7684\u5e02\u5834\u5730\u4f4d\uff0c\u6e05\u6670\u7684\u6230\u7565\u4f48\u5c40\u548c\u7a69\u5065\u7684\u80a1\u6771\u56de\u5831\uff0c\u69cb\u6210\u4e86\u503c\u5f97\u9577\u671f\u95dc\u6ce8\u7684\u6295\u8cc7\u908f\u8f2f\u3002\u5728\u80fd\u6e90\u8b8a\u9769\u7684\u6642\u4ee3\u6d2a\u6d41\u4e2d\uff0c\u80fd\u5920\u540c\u6642\u628a\u63e1\u7576\u4e0b\u73fe\u91d1\u6d41\u548c\u672a\u4f86\u8f49\u578b\u6a5f\u9047\u7684\u516c\u53f8\u4e26\u4e0d\u591a\u898b\uff0c\u800cEnbridge\u6b63\u662f\u5176\u4e2d\u7684\u7a00\u7f3a\u6a19\u7684\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u5728\u5317\u7f8e\u80fd\u6e90\u683c\u5c40\u5287\u8b8a\u7684\u7576\u4e0b\uff0cEnbridge\uff08TSX:ENB\uff09\u6b63\u901a\u904e\u4e00\u7cfb\u5217\u6230\u7565\u4f48\u5c40\uff0c\u6084\u7136\u91cd\u5851\u91cd\u6cb9\u904b\u8f38\u7248\u5716\u3002\u9019\u5bb6\u5e02 [&hellip;]<\/p>\n","protected":false},"author":27,"featured_media":553403,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1522,431],"tags":[568,1122,1860,2138],"class_list":["post-604138","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1522","category-trends-strategies-zh-hant","tag-zh-hant-blog-tag-","tag-1122","tag--zh-hant","tag-2138","sectors-oil-gas-zh-hant","locations-canada-zh-hant","exchange-tsx-zh-hant"],"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/604138","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/comments?post=604138"}],"version-history":[{"count":3,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/604138\/revisions"}],"predecessor-version":[{"id":604141,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/604138\/revisions\/604141"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media\/553403"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media?parent=604138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/categories?post=604138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/tags?post=604138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}